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Side-by-side financial comparison of Employers Holdings, Inc. (EIG) and Mayville Engineering Company, Inc. (MEC). Click either name above to swap in a different company.
Employers Holdings, Inc. is the larger business by last-quarter revenue ($170.5M vs $134.3M, roughly 1.3× Mayville Engineering Company, Inc.). On growth, Mayville Engineering Company, Inc. posted the faster year-over-year revenue change (10.7% vs -21.3%). Over the past eight quarters, Mayville Engineering Company, Inc.'s revenue compounded faster (-8.8% CAGR vs -11.4%).
Employers Holdings, Inc. is a U.S.-headquartered insurance holding company that specializes in offering workers' compensation insurance and customized risk management services primarily for small and medium-sized enterprises across the United States. It mainly serves clients in low-to-medium hazard industries, helping them mitigate workplace safety risks and meet relevant regulatory requirements for employee protection.
Mayville Engineering Company, Inc. is a U.S.-headquartered leading manufacturer of metal components, fabricated assemblies, and custom engineered solutions. It serves OEM clients across agriculture, construction, transportation, defense, and power sports markets, offering end-to-end services from prototyping to high-volume production for North America.
EIG vs MEC — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $170.5M | $134.3M |
| Net Profit | — | $-4.4M |
| Gross Margin | — | 6.8% |
| Operating Margin | — | -4.1% |
| Net Margin | — | -3.2% |
| Revenue YoY | -21.3% | 10.7% |
| Net Profit YoY | — | -127.3% |
| EPS (diluted) | — | $-0.22 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q1 26 | $170.5M | — | ||
| Q4 25 | $188.5M | $134.3M | ||
| Q3 25 | $239.3M | $144.3M | ||
| Q2 25 | $246.3M | $132.3M | ||
| Q1 25 | $202.6M | $135.6M | ||
| Q4 24 | $216.6M | $121.3M | ||
| Q3 24 | $224.0M | $135.4M | ||
| Q2 24 | $217.0M | $163.6M |
| Q1 26 | — | — | ||
| Q4 25 | — | $-4.4M | ||
| Q3 25 | $-8.3M | $-2.7M | ||
| Q2 25 | $29.7M | $-1.1M | ||
| Q1 25 | $12.8M | $20.0K | ||
| Q4 24 | — | $16.0M | ||
| Q3 24 | $30.3M | $3.0M | ||
| Q2 24 | $31.7M | $3.8M |
| Q1 26 | — | — | ||
| Q4 25 | — | 6.8% | ||
| Q3 25 | — | 11.0% | ||
| Q2 25 | — | 10.3% | ||
| Q1 25 | — | 11.3% | ||
| Q4 24 | — | 8.9% | ||
| Q3 24 | — | 12.6% | ||
| Q2 24 | — | 13.6% |
| Q1 26 | — | — | ||
| Q4 25 | — | -4.1% | ||
| Q3 25 | -4.7% | 0.0% | ||
| Q2 25 | 15.0% | 0.1% | ||
| Q1 25 | 7.8% | 1.2% | ||
| Q4 24 | — | 19.0% | ||
| Q3 24 | 16.4% | 4.2% | ||
| Q2 24 | 18.4% | 5.0% |
| Q1 26 | — | — | ||
| Q4 25 | — | -3.2% | ||
| Q3 25 | -3.5% | -1.9% | ||
| Q2 25 | 12.1% | -0.8% | ||
| Q1 25 | 6.3% | 0.0% | ||
| Q4 24 | — | 13.2% | ||
| Q3 24 | 13.5% | 2.2% | ||
| Q2 24 | 14.6% | 2.3% |
| Q1 26 | — | — | ||
| Q4 25 | $-0.93 | $-0.22 | ||
| Q3 25 | $-0.36 | $-0.13 | ||
| Q2 25 | $1.23 | $-0.05 | ||
| Q1 25 | $0.52 | $0.00 | ||
| Q4 24 | $1.14 | $0.76 | ||
| Q3 24 | $1.21 | $0.14 | ||
| Q2 24 | $1.25 | $0.18 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $169.9M | $1.5M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $955.7M | $240.7M |
| Total Assets | $3.4B | $563.6M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $169.9M | — | ||
| Q4 25 | $169.9M | $1.5M | ||
| Q3 25 | $172.4M | $1.2M | ||
| Q2 25 | $78.1M | $206.0K | ||
| Q1 25 | $100.4M | $183.0K | ||
| Q4 24 | $68.4M | $206.0K | ||
| Q3 24 | $173.9M | $178.0K | ||
| Q2 24 | $126.4M | $314.0K |
| Q1 26 | — | — | ||
| Q4 25 | $19.0M | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $0 | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | $955.7M | — | ||
| Q4 25 | $955.7M | $240.7M | ||
| Q3 25 | $1.0B | $244.8M | ||
| Q2 25 | $1.1B | $246.8M | ||
| Q1 25 | $1.1B | $250.0M | ||
| Q4 24 | $1.1B | $251.8M | ||
| Q3 24 | $1.1B | $238.4M | ||
| Q2 24 | $1.0B | $238.1M |
| Q1 26 | $3.4B | — | ||
| Q4 25 | $3.4B | $563.6M | ||
| Q3 25 | $3.5B | $585.6M | ||
| Q2 25 | $3.5B | $433.7M | ||
| Q1 25 | $3.6B | $447.7M | ||
| Q4 24 | $3.5B | $445.6M | ||
| Q3 24 | $3.6B | $466.0M | ||
| Q2 24 | $3.5B | $488.2M |
| Q1 26 | — | — | ||
| Q4 25 | 0.02× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.00× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | — | $13.4M |
| Free Cash FlowOCF − Capex | — | $10.2M |
| FCF MarginFCF / Revenue | — | 7.6% |
| Capex IntensityCapex / Revenue | — | 2.4% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $26.9M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $44.7M | $13.4M | ||
| Q3 25 | $29.4M | $1.9M | ||
| Q2 25 | $0 | $15.0M | ||
| Q1 25 | $14.6M | $8.3M | ||
| Q4 24 | $76.4M | $38.0M | ||
| Q3 24 | $51.0M | $17.9M | ||
| Q2 24 | $11.7M | $23.3M |
| Q1 26 | — | — | ||
| Q4 25 | $44.6M | $10.2M | ||
| Q3 25 | — | $-1.1M | ||
| Q2 25 | — | $12.5M | ||
| Q1 25 | — | $5.4M | ||
| Q4 24 | $76.3M | $35.6M | ||
| Q3 24 | — | $15.1M | ||
| Q2 24 | — | $19.2M |
| Q1 26 | — | — | ||
| Q4 25 | 23.7% | 7.6% | ||
| Q3 25 | — | -0.8% | ||
| Q2 25 | — | 9.5% | ||
| Q1 25 | — | 4.0% | ||
| Q4 24 | 35.2% | 29.4% | ||
| Q3 24 | — | 11.1% | ||
| Q2 24 | — | 11.7% |
| Q1 26 | — | — | ||
| Q4 25 | 0.1% | 2.4% | ||
| Q3 25 | — | 2.1% | ||
| Q2 25 | — | 1.8% | ||
| Q1 25 | — | 2.2% | ||
| Q4 24 | 0.0% | 1.9% | ||
| Q3 24 | — | 2.1% | ||
| Q2 24 | — | 2.5% |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 0.00× | — | ||
| Q1 25 | 1.14× | 416.65× | ||
| Q4 24 | — | 2.38× | ||
| Q3 24 | 1.68× | 6.03× | ||
| Q2 24 | 0.37× | 6.15× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
EIG
Segment breakdown not available.
MEC
| Fabrication | $72.2M | 54% |
| Construction And Access | $19.2M | 14% |
| Tubes | $16.2M | 12% |
| Other Market | $11.9M | 9% |
| Agriculture | $7.7M | 6% |
| Military | $6.7M | 5% |
| Outdoor Sports | $1.7M | 1% |
